Weekly Crop Market Review - January 23, 2009

The next weekly will be published on Friday, January 30, 2009
This information is collected by the Statistics and Data Development Unit

WINNIPEG FUTURES (CDN $/TONNE) as of Jan 23/2009
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
BARLEY  -SASK  MAR09     152.00     144.00     149.90      +0.10
        -SASK  MAY09     156.00     154.00     157.70      +0.30
        -SASK  JUL09        N/A        N/A     162.20      +0.30
CANOLA  -SASK  MAR09     448.50     429.30     431.80     -11.30
        -SASK  MAY09     456.20     437.10     439.70     -11.20
        -SASK  JUL09     463.30     445.00     447.30     -11.10

U.S. FUTURES (U.S. $/BUSHEL) as of Jan 23/2009
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
WHEAT   -CBT   MAR09   5.94       5.49       5.82 3/4  +0.04 1/2
        -CBT   MAY09   6.04       5.67 1/2   5.95 1/2  +0.04 3/4
WHEAT   -MINN  MAR09   6.78 1/2   6.39 3/4   6.60 3/4  +0.08
        -MINN  MAY09   6.69 1/2   6.35       6.52 1/2  +0.03 3/4
WHEAT   -KANS  MAR09   6.22       5.79 1/2   6.10 1/2  +0.01 1/2
        -KANS  MAY09   6.32       5.92       6.21 1/4  +0.01 1/4
CORN    -CBT   MAR09   4.02       3.76 1/2   3.90 1/2  -0.00 1/2
        -CBT   MAY09   4.12 1/2   3.88       4.01 1/2  -0.00 1/4
OATS    -CBT   MAR09   2.21       2.10       2.15      -0.07 1/2
        -CBT   MAY09   2.30 1/2   2.22 1/2   2.24 1/2  -0.07 1/2
SOYBEAN -CBT   MAR09  10.34       9.79      10.09      -0.11
        -CBT   MAY09  10.40       9.88      10.16 1/4  -0.12 3/4
        -CBT   JUL09  10.48       9.99      10.23 1/4  -0.15 1/4
SOYOIL  -CBT   MAR09      34.90      33.12      33.60      -0.99
(¢/lb)  -CBT   MAY09      35.17      33.65      33.97      -0.99
SOYMEAL -CBT   MAR09     326.00     305.80     318.30      +2.30
($/ton) -CBT   MAY09     325.30     307.00     317.70      +0.40

FEEDMILL BIDS on Jan 19/2009 (Different Delivery Points)
                       THIS WEEK         LAST WEEK
WHEAT -LETH           155.00-190.00    170.00-190.00
      -REDDEER        158.00-170.00    158.00-170.00
      -EDMTN          161.70-180.00    163.10-180.00
OATS  -EDMTN               N/A              N/A
PEAS - EDMTN          191.10-215.00    192.90-213.10
BARLEY-LETH           149.80-170.00    151.10-176.00
      -MH/BRKS        150.00-161.00    150.00-160.00
      -CALGARY        145.00-168.00    147.00-170.00
      -REDDEER        142.40-170.00    142.40-170.00
      -VERM           133.20-140.10    133.20-142.40
      -EDMTN          124.00-170.00    121.70-170.00
      -PEACE R        135.50-140.10    137.80-140.10
CANOLA CRUSHER on Jan 21/2009
      -Meal (FOB)        340.67           310.00
      -Seed (DEL)        437.23           429.10

ELEVATOR BIDS on Jan 23/2009 (Delivered)
                        THIS WEEK        LAST WEEK
FEED WHEAT -Red Deer     154.28           154.28
FEED OATS  -Red Deer     108.29           103.81
FEED BARLEY-Red Deer     137.49           138.17
RYE        -Red Deer     150.25           151.30
FLAXSEED   -Brooks       401.16           377.93
CANOLA     -Red Deer     424.56           428.41

SPECIAL CROP CASH BIDS on Jan 22/2009
                                                    Year Ago
 Basis delivered plant           $/Tonne  $/Bushel  $/Bushel
 PEA GREEN #2 OR BETTER           296.34      8.07      9.63
     FEED                         155.06      4.22      4.91
     LARGE YELLOW #2 OR BETTER    211.83      5.77      9.70
                                              $/Lb      $/Lb
 LENTILS #1 LAIRD                 537.37      0.24      0.26
         #1 ESTON                 498.24      0.23      0.20
 MUSTARD #1 YELLOW                857.04      0.39      0.51
         #1 BROWN                 631.07      0.29      0.38
         #1 ORIENTAL              835.00      0.38      0.24

WORLD AND US CASH MARKETS (CAN $/TONNE) as of Jan 22/2009
                             THIS     LAST    AVG TO   LAST YR     PCT
                             WEEK     WEEK     DATE    AV PRICE    CHG
WHEAT -CWB #1CWRS ST LAW    429.95   415.10   400.91   466.99    -14.1%
      -CWB #1CWRS VANC*     403.35   395.85   403.49   485.04    -16.8%
      -#1DNS GREAT FALLS    316.01   308.33   304.85   374.44    -18.6%
      -#1DNS PORTLAND       363.46   354.20   347.69   402.31    -13.6%
CORN  -#2 CHICAGO           179.41   168.13   183.47   183.26     +0.1%
BARLEY-#2 PORTLAND            N/A      N/A      N/A      N/A      N/A
      -#2FD GREAT FALLS     115.39   109.67   153.72   207.48    -25.9%
      -#2 STOCKTON          269.48   275.91   292.67   299.99     -2.4%
SOYBNS-#1 ILLINOIS          463.88   455.02   434.62   440.20     -1.3%
EXCH RATE Jan 22/2009: US$ in CANADA$ 1.2537  CANADA$ IN US$ 0.7976
* #1CWRS VANCOUVER 13.5% PROTEIN

CANADIAN EXPORTS AND CANOLA CRUSH ('000 TONNES) as of Jan 18/2009
                    WEEK*  CROP YR   LAST YR       PCT    YR END
COMMODITY            #25   TO DATE   TO DATE       CHG  FORECAST
 WHEAT(EXC DUR)    325.0   5,974.8   5,874.1     +1.7%     +9.0%
 DURUM              59.7   1,341.1   1,722.9    -22.2%     +8.7%
 BARLEY             28.7     578.5   1,361.6    -57.5%    -45.6%
 OATS               25.0     887.2   1,115.7    -20.5%     -7.0%
 PEAS               22.0     816.1   1,085.5    -24.8%     +9.0%
 FLAXSEED            5.9     339.1     333.5     +1.7%     +0.2%
 CANOLA-EXPORTS    124.3   3,253.7   2,541.7    +28.0%     +9.5%
 CANOLA-CRUSH       74.0   1,946.5   1,871.8     +4.0%     +8.6%
U.S. EXPORTS ('000 TONNES) as of Jan 15/2009
 WHEAT             188.2  18,966.9  23,028.3    -17.6%    -20.9%
 BARLEY              2.8     231.3     592.1    -60.9%    -51.2%
 CORN              677.7  14,962.1  24,526.8    -39.0%    -28.2%
 SOYBEANS         1007.7  16,052.7  14,483.8    +10.8%     -5.3%
NOPA SOYBEAN Month Ending: Nov 30/2008
 SOYBEAN CRUSH    3794.3  10,973.0  12,017.0     -8.7%     -6.4%
* From Canadian Grain Commission Calendar